http://www.bankruptcy-edmonton.com/bankruptcy/2009/05/what-is-the-impact-on-joint-party-if-a-bankruptcy-or-proposal-is-filed.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bankruptcy-edmonton.com/bankruptcy/2009/05/what-is-the-impact-on-joint-party-if-a-bankruptcy-or-proposal-is-filed.html/comment-page-1#comment-369 Bart Goth, Trustee in Bankruptcy Mon, 11 May 2009 16:32:32 +0000 http://www.bankruptcy-edmonton.com/bankruptcy/2009/05/what-is-the-impact-on-joint-party-if-a-bankruptcy-or-proposal-is-filed.html#comment-369 If you file a <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> or a <a HREF="http://www.moneyproblems.ca/bankruptcy-alternatives.htm" rel="nofollow">consumer proposal</A> and have someone who has cosigned on one of your debts, what will happen is that you will legally be cleared from this debt. As for the co-signer, they will still be fully responsible for payment of the debt they have signed on in full. If you file a bankruptcy or a consumer proposal and have someone who has cosigned on one of your debts, what will happen is that you will legally be cleared from this debt. As for the co-signer, they will still be fully responsible for payment of the debt they have signed on in full.

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